Silicone in Electrical and Electronics Market Overview:

Global Silicone in Electrical and Electronics Market size was valued at $1,708 million in 2015, and is expected to reach $2,644 million by 2023, supported by a CAGR of 6.4% during the forecast period 2017 to 2023. Silicones are known as polysiloxanes that comprise a chain of alternating silicon & oxygen atoms. These are heat-resistant and rubber-like compounds, which are included in thermal & electrical insulation applications. Moreover, silicon rubbers are acknowledged in electronics industry, owing to its application of sealing, gasketing, and affixing components. In addition, low toxicity, electrical properties, and high purity are some of the advantages of silicones.

Silicone in Electrical and Electronics Market Segmentation

The global silicone in electrical and electronics market is segmented based on type and end-use industry. Based on the type, it is classified into fluids, elastomers, resins, and gels. Further, based on end use, it is categorized into automotive, consumer electronics, telecommunications, and others.

The demand for silicone in the consumer electronics has increased, owing to the sealing characteristics of silicone adhered to glass & anodized aluminum and electromagnetic shielding property. In addition, silicone used as sealants in electronics is an excellent product for general weatherproofing applications. Moreover, the global silicone in electrical and electronics market is driven by its characteristics as a neutral and one-part adhesive/sealant for novel electronics. Silicones have low intermolecular forces and do not change much with temperature. Consequently, viscosity, mechanical properties, dielectric properties, and many physical properties are not affected over a wide range of temperature.

The industry offers various opportunities to the market players, owing to rapid growth in the global economy and disposable incomes. Increase in use of silicone in electrical and electronics industry and growth in electronics industry specifically in China and India are some of the key aspects that augment the market growth. In addition, silicone elastomers are expected to witness rapid adoption in electrical and electronic applications, owing to its properties, such as high thermal conductivity, exceptional weatherability, easy to fabricate or process, high gas permeability, outstanding electrical insulating properties, and lower flammability. However, undefined regulatory guidelines and fluctuating silicone prices across Middle East and African countries are anticipated to hamper the market growth during the forecast period.

Top Investment Pockets, By End-Use Industry

Silicone in consumer electronics industry offers the maximum market potential in the global silicone in electrical and electronics industry, owing to the rapid growth of electronics industry. Increased need for silicone sealants in electronics industry for its higher elongation and higher strength characteristics makes it ideal for sealing assemblies. Moreover, rapid growth of electronics industry, particularly in the BRIC region (Brazil, Russia, India, and China), is another key factor anticipated to fuel the demand for silicones.

The global silicone in electrical and electronics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a considerable share of the total revenue in 2015, followed by North America and Europe. The developing countries in Asia-Pacific, such as Korea, China, and India, are anticipated to witness a significant growth rate, owing to rise of electronics industry.

The report provides an extensive analysis and qualitative & quantitative analysis of the current trends, future estimations, and opportunities from 2015 to 2023 of the global silicone in electrical and electronics market.

It offers comprehensive analysis of North America, Europe, Asia-Pacific, and LAMEA to understand the regional trends.

Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

Extensive analysis is conducted by following key product benchmarking, positioning, and monitoring the top competitors.

The report provides extensive qualitative insights on the significant segments or regions.

It provides key insights on the strategic analysis of various companies and the value chain analysis of silicone in electrical and electronics industry.

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Silicones in electronics industry specifically fluids, elastomers, and gels are widely used by various end-use industries. The silicone fluids segment is anticipated to register a significant growth during the forecast period, owing to rise in expenditure toward technological improvements in consumer electronics.

Silicon elastomers are expected to witness significant growth during the forecast period as they are incorporated with fillers, which include carbon fibers and nanomaterials, thereby exhibiting excellent mechanical property, such as tensile strength. Furthermore, these products possess excellent shear stability, low volatility, and surface tension, and induce maximum water repellency.

The Asia-Pacific silicone in electronics market offers promising opportunities for silicone manufacturers, owing to growth in the infrastructure and rapid industrialization. In addition, increase in disposable income in the developing countries, such as China, India, and Japan, fuels the market growth. Asia-Pacific is anticipated to account for the highest share in the global market by 2023, followed by North America and Europe.

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